Russia and China conducted joint air patrols in the Asia-Pacific region on Tuesday, the Russian Defense Ministry has revealed, as Japan and South Korea expressed concerns regarding the flights. The Russian ministry said in a statement that Russian Tu-95 strategic missile carriers and Chinese Xian H-6 strategic bombers participated in air patrols held over the…

PM Viktor Orban says that a bloc-wide ban on Russian oil would cause “serious” harm to Hungary’s economy Hungarian Prime Minister Viktor Orban has ruled out further discussion on a proposed EU-wide embargo on Russian oil, the Financial Times reported on Tuesday. Although other EU leaders insist a ban is close to being finalized, Orban…

Nearly 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are currently in tankers at sea, according to data from energy analytics firm Vortexa, as cited by Reuters. However, traders are reportedly struggling to find buyers for some of the cargo as EU countries fail to agree on a possible Russian oil…